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Reserve Bank trims key rate by 25 basis points, stresses tough backdrop

By: Reuters Updated 2 hours 10 minutes ago South Africa's central bank opted for another small cut to its main interest rate on Thursday, stressing the global economic backdrop was tough and the outlook highly uncertain despite domestic inflation falling below its target. The decision to lower the repo rate by 25 basis points (bps) to... →

AgriSA says agriculture’s ability to reduce emissions recognised at COP29

By: Marleny Arnoldi Updated 2 hours 26 minutes ago With the COP29 conference under way until November 22, industry body AgriSA says the global climate change agenda is increasingly recognising the critical role of agriculture and farmers. As COP29 is considered the “finance COP”, it is expected that a new funding target for developed countries... →

Hulamin improves product quality with new hot-edge inductors from Primetals

By: Darren Parker Updated 2 hours 35 minutes ago Engineering and plant construction company Primetals Technologies has recently signed the final acceptance certificate with aluminium producer Hulamin following the successful installation and commissioning of new hot-edge inductors for its cold mill rolling line (S5) in Pietermaritzburg. This... →

Primetal's hot-edge inductors for Hulamin's cold mill rolling

World’s largest car-carrier calls at Durban, PE ports; vessel super-sizing to continue

By: Irma Venter Updated 3 hours ago The Höegh Aurora, the world’s newly crowned largest car carrier, has called at both the Durban and Port Elizabeth ports this month as she makes her way around the world. The Aurora started operations in August. →

The Höegh Aurora at the Port of Durban

Plastics SA launches informal recycler training programme

By: Tasneem Bulbulia Updated 3 hours ago Industry organisation Plastics SA has launched a pioneering Self-Employed Material Recycler Training Programme, aimed at empowering South Africa's waste pickers. Last year, 50 000 South Africans found an informal form of income and employment as waste pickers, collecting used plastics for... →

Self-Employed Material Recycler Training Programme

Two South African specialist aviation services companies form an alliance

By: Rebecca Campbell Updated 4 hours ago Two South African specialist aerospace communications and consulting companies, Hi-Fly Marketing and Plane Talking, have entered into an alliance, to provide a wider range of services to Africa’s expanding civil aviation sector. Both companies are based in Cape Town, while Hi-Fly Marketing also... →

South African companies increasingly aware of cybersecurity, mitigating against risks

By: Schalk Burger Updated 4 hours ago Assurance, advisory and tax services company PwC’s 'Global Digital Trust Insights Survey 2025: South Africa' report shows that 66% of South African organisations prioritise mitigating cyber-risks, which is higher than the global average of 57%. This proactive stance towards cyber-risk mitigation... →

Govt declares foodborne illnesses a national disaster

By: Thabi Shomolekae Updated 4 hours ago South Africa’s National Disaster Management Centre has declared foodborne illnesses a national disaster, in response to countrywide sicknesses and deaths, particularly of children, in recent weeks. The declaration was made under the Disaster Management Act, No. 57 of 2002. On Thursday, Ministers... →

Justice Minister Thembi Simelane

Wits MIND to collaborate with industry on fundamental AI research

By: Schalk Burger Updated 6 hours ago The University of the Witwatersrand (Wits) opened a new AI research hub called the Wits Machine Intelligence and Neural Discovery (MIND) Institute on November 19. The institute will focus on fundamental AI research and the scientific understanding of intelligence in its many forms, while... →

Wits Research and Innovation deputy vice-chancellor Professor Lynn Morris

Importance of efficient pricing signals in energy industry underscored

By: Tasneem Bulbulia Updated 6 hours ago As South Africa’s energy industry transitions to a more competitive, market-based power system, the need for efficient pricing signals was expressed during industry organisation the Energy Intensive Users Group of South Africa’s inaugural convention, co-located with the C&I Solar+Storage Summit,... →

NTCSA says independent transmission projects must not reflect as balance-sheet liability

By: Terence Creamer 21st November 2024 The head of the National Transmission Company South Africa (NTCSA) has confirmed that the entity’s board will insist that any independent transmission projects (ITPs) procured in the coming years should not reflect as a liability on the new entity’s balance sheet. However, interim CEO Segomoco... →

Photo by Creamer Media Chief Photographer Donna Slater
NTCSA interim CEO Segomoco Scheppers

Container shippers hedging green transition with dual-fuel vessel orders

By: Reuters 21st November 2024 Container shipping companies like Maersk, CMA and COSCO have ordered hundreds of new vessels in recent years meant to help their industry's greenhouse-gas (GHG) emissions meet rising demand from customers and regulators around the globe. Their order books, however, reflect uncertainty over which... →

EU’s Carbon Border Adjustment Mechanism needs to be challenged, Tau says

By: Darren Parker 20th November 2024 Trade, Industry and Competition Minister Parks Tau has said that measures such as the Carbon Border Adjustment Mechanism introduced by the EU need to be challenged by developing economies at the level of the World Trade Organisation, as they are likely to have a negative impact on South Africa’s... →

Trade, Industry and Competition Minister Parks Tau

Tiger Brands to sell Baby Wellbeing business, excluding Purity

By: Reuters 20th November 2024 South Africa's biggest food producer Tiger Brands said on Wednesday it will sell its Baby Wellbeing business for R605-million, but will exclude its Purity brand, which it described as a core asset. The Baby Wellbeing business was identified as no longer a "financial and strategic fit" after an... →

VistaJet unveils 18th Global 7500 ultralong-range jet in fleet

By: Schalk Burger 20th November 2024 Private aviation services provider VistaJet has unveiled the eighteenth Bombardier Global 7500 ultralong-range business jet added to its fleet of 240 aircraft. The aircraft can do 17 hours of flight time with a range of 7 700 nautical miles, or 14 260 km, and a top speed of Mach 0.925, or 1 142... →

Ramokgopa again moots policy interventions to provide relief from Eskom hike

By: Terence Creamer 20th November 2024 Electricity and Energy Minister Dr Kgosientsho Ramokgopa, who is Eskom’s shareholder Minister, has reiterated his opposition to the utility receiving a 36.15% tariff hike next year, while also indicating that various policy interventions are being considered to reduce the increase. Speaking at a... →

Electricity and Energy Minister Dr Kgosientsho Ramokgopa

Dynapac launches new 15 t compaction machine in South Africa

20th November 2024 Original-equipment manufacturer Dynapac recently launched a new soil compaction machine in South Africa to coincide with the company’s 90-year anniversary. Darren Parker tells us more. →

Dynapac launches new 15 t compaction machine in South Africa

Protectionism not the answer to South Africa’s economic problems, CDE says

By: Darren Parker 20th November 2024 Think tank the Centre for Development and Enterprise (CDE) has called for an overhaul of industrial policy to move it away from protectionism and towards a focus on maximising exports. The organisation on November 20 said a new approach to master plans, tariff-setting and competition policy was... →

Photo by Creamer Media's Donna Slater
CDE executive director Ann Bernstein

Govt progresses consultation on National Communication Satellite Strategy

By: Marleny Arnoldi 20th November 2024 The departments of Communications and Digital Technologies (DCDT) and Science, Technology and Innovation (DSTI), together with their entities, signal distribution company Sentech and the South African National Space Agency (SANSA), have provided an update on the National Communication Satellite... →

Photo by Creamer Media's Rebecca Campbell
SANSA CEO Humbulani Mudau

VW Africa expands solar array at Kariega plant to more than 12 000 panels

By: Irma Venter 20th November 2024 Volkswagen Group Africa (VWA) has added an additional 3 MW solar power to its local grid, bringing the total output of renewable energy to 5.9 MW. This is enough energy to power at least 2 000 two-bedroom houses with geysers and electrical appliances. →

Image of the car park installation at the VWA plant

The car park installation at the Kariega plant

Remodelled draft IRP to be unveiled next week for limited public consultation

By: Terence Creamer 20th November 2024 A remodelled Integrated Resource Plan (IRP) for electricity will be released to the public next week and is expected to deviate materially from the heavily criticised draft IRP2023, which was published for public comment in January. Electricity and Energy Minister Dr Kgosientsho Ramokgopa says... →

SANEDI CEO Dr Titus Mathe

South African business mood brightens to best level since March 2022

By: Bloomberg 20th November 2024 South African business sentiment rose its highest level since the first quarter of 2022, as constant electricity supply and political stability supported better business conditions. A quarterly business confidence index compiled by FirstRand's Rand Merchant Bank and Stellenbosch University’s... →

Group of nations make COP29 pledge on no new unabated coal power

By: Bloomberg 20th November 2024 A total of 25 countries and the EU are pledging to commit to no new unabated coal power in their next round of national climate plans, the latest global pledge aimed at curbing use of the fuel. Signatories to the agreement, outlined during the ongoing COP29 climate talks in Baku, include Canada,... →

A truck carrying coal with a coal-fired power station in the background

Scopa views the Defence Department as being in a 'crisis of accountability and funding'

By: Rebecca Campbell 20th November 2024 Parliament’s Standing Committee on Public Accounts (Scopa) has expressed concern about the record of the Department of Defence (DoD) and the Department of Military Veterans, regarding their mishandling of public funds. This followed from the briefing to Scopa by the Auditor-General regarding the... →

Namibia has best roads in sub-Saharan Africa, with South Africa scoring on par with Rwanda, Mauritius

By: Darren Parker 20th November 2024 According to the ‘Global Competitiveness Index’ compiled by the World Economic Forum and hosted on the World Bank's Prosperity Data360 platform, Namibia ranks highest in sub-Saharan Africa for road quality, achieving a score of 5.31 out of seven on a scale used to evaluate infrastructure.... →

South African inflation drops to lowest since June 2020

By: Reuters 20th November 2024 South Africa's annual inflation rate slowed sharply to 2.8% in October, data showed on Wednesday, setting the stage for another interest rate cut by the central bank this week. Statistics South Africa said falling fuel prices were the primary driver of the slowdown in the headline rate from 3.8%... →

Uncertainty emerges over looming deadline for analogue switch off

By: Natasha Odendaal 20th November 2024 As the gazetted date of December 31 draws closer for the years-delayed switch-off of the analogue broadcasting signals, the Department of Communications and Digital Technologies (DCDT) warns of the challenges ahead that could potentially delay the programme further. Communications and Digital... →

Communications and Digital Technologies Minister Solly Malatsi

Zimbabwe power tariff hike sparks 3 000 MW of energy investments

By: Bloomberg 20th November 2024 Zimbabwe’s decision to adopt tariffs that reflect costs has sparked a wave of investments in the energy sector that will help ease its power crisis. Since the switch in December last year, energy investments have sharply increased with 3 000 MW of projects currently under development, according... →

Namibia aims to raise $450m to boost power generation

By: Bloomberg 20th November 2024 Namibia’s state-owned electricity utility plans to raise $450-million by selling bonds in the country and raising development bank loans to help the southwest African nation boost power generation. Namibia Power Corp. said it has signed loan agreements totaling €166-million ($175-million) with... →

Treasury to suspend municipal funds over water debt

By: Bloomberg 20th November 2024 South Africa’s Treasury plans to withhold funds from five municipalities next month over their unpaid water bills, part of an effort to compel local governments to pay for basic services. The Treasury will invoke a law allowing the authorities to block the payment of a so-called equitable share... →

South Africa will focus G20 presidency on inclusive growth, food security

By: Reuters 20th November 2024 South Africa will use its G20 presidency to focus on advancing inclusive economic growth, food security and artificial intelligence, President Cyril Ramaphosa said on Tuesday at a summit of the Group of 20 (G20) major economies in Brazil. South Africa takes over the G20 presidency from Brazil at... →

President Cyril Ramaphosa

Summit underscores importance of just energy transition, C&I industry

By: Tasneem Bulbulia 19th November 2024 It is imperative that South Africa and industry decarbonises and, with the transition towards more sustainable forms of energy already occurring, stakeholders should focus on how the transition is implemented in a just manner at the pace that is required, and the steps and strategies this would... →

Small Business Awards celebrate entrepreneurs

By: Sabrina Jardim 19th November 2024 The sixteenth 2024 South African Small Business Awards celebrated South Africa's top entrepreneurs and small businesses at a gala breakfast hosted by the National Small Business Chamber (NSBC), in Johannesburg, earlier this month. The awards honoured 20 small businesses and entrepreneurs,... →

Winners of the 2024 South African Small Business Awards

ARC to release invasive-plant controlling beetles in Umkhomazi

By: Marleny Arnoldi 19th November 2024 The Agricultural Research Council’s (ARC’s) plant health and protection unit will, on November 25, release a leaf-feeding lady beetle called Mada Polluta in Umkhomazi, KwaZulu-Natal, to act as a biological control agent against invasive yellow bells. ARC says yellow bells, or Tecoma stans, have... →

Tecoma stans, or yellow bell, invasive plant

Frank discussion needed about 30% local procurement rule – Macpherson

By: Irma Venter 19th November 2024 The country must have a frank discussion about the 30% local procurement rule, which has been abused by the so-called construction mafia, says Public Works and Infrastructure Minister Dean Macpherson. Macpherson spoke at the National Construction Summit on Crime-Free Construction Sites, held in... →

Dean Macpherson

NOA Group to supply Old Mutual Real Estate portfolio with wheeled renewable power

By: Schalk Burger 19th November 2024 Property fund Old Mutual Real Estate Holding Company (OMREHC) has entered into an energy supply agreement with commercial and industrial renewable energy company NOA Group Trading to provide electricity for its property portfolio. The wheeling transaction will deliver more than 90% renewable... →

Kaspersky, AFRIPOL sign partnership agreement to prevent and fight cybercrime

By: Schalk Burger 19th November 2024 Cybersecurity company Kaspersky and African Union policing institution AFRIPOL have signed a cooperation agreement aimed at preventing and fighting cybercrime. Covering a period of five years, the agreement formalises and facilitates cooperation between the company and the law enforcement agency... →

Kaspersky founder and CEO Eugene Kaspersky and AFRIPOL acting executive director Jalel Chelba

Sustainability essential for global aviation, and creates great opportunity for Africa

By: Rebecca Campbell 19th November 2024 The biggest challenge facing the commercial aviation sector, globally, is sustainability, asserted International Air Transport Association (IATA) director-general Willie Walsh, in his address to the 2024 Annual General Assembly (AGA) of the African Airlines Association (AFRAA), being held in... →

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